3 Facts and a Conclusion:
Journalism and advertising is all about packaging the news in a consumable fashion, but social media seems to be reshaping the way we consume news:
Fact 1: Web traffic to the blog pages of the top 10 online newspapers grew 210 percent year over year in December (Source: Nielsen Net Ratings)
Fact 2: TIME Inc. lays off nearly 300 (Source: New York Times)
Also, “both Time and People are scaling back their practice of using several correspondents to report and write a single article.”
Fact 3: TIME redesigns home page with prominent focus on blogs/bloggers:
Check it out here.
Conclusion: I guess it was a foregone conclusion as to the decline of traditional media, but does this indicate the death knell for traditional media. Will all journalists start blogging and stop writing long winded articles? I guess not, but it’s definitely an interesting thought.